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Many high street businesses that have closed due to Covid-19 restrictions will now be exempt from business rates for 2020-21. The Government has now announced that some of the exclusions for this relief have been removed to include estate agents, lettings agencies and bingo halls who will now be exempted.

From 6 April 2020, HMRC have introduced a 30 day reporting requirement for disposals of residential properties where a taxable capital gain arises – this can include gifts where no consideration is payable.

Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.

The Coronavirus Business Interruption Loan Scheme (CBILS) is now available for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cash-flow because of Covid-19.

On Friday evening the Chancellor Rishi Sunak announced the Job Retention Scheme under the Governments support during the Coronavirus update.

We have pulled together some further information on this.

On Friday evening the Chancellor Rishi Sunak announced a further package of Coronavirus support for businesses.  The measures announced are entirely unprecedented and take the country into uncharted waters in terms of the level of support now being offered.  The key points for businesses were the Job retention scheme, Deferral of VAT payments, Deferral of self-assessment tax payments and Business interruption loan scheme.

During the current Coronavirus outbreak with have updated some guidance on Statutory Sick Pay (SSP) and time to pay arrangements for HMRC.

The Charity Commission has announced that any charity that needs an extension to their annual return deadline can contact the Charity Commission to ask for one.

The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave.

Under the new entitlement working parents who lose a child under the age of 18 will get two weeks' statutory leave and where they meet the necessary conditions a legal right to two weeks' paid bereavement leave.

The Coronavirus situation is developing rapidly with new guidance being issued on a daily basis. We have set out in the note below a summary of the assistance available from the government in the short and medium-term to assist businesses potentially adversely affected by the outbreak. 

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